New tech arrives with smart grid
With an increase in funding going toward the smart grid, companies are creating new technologies to work alongside the energy system.
With expanded awareness and funds going toward the development of the smart grid, many industrial giants are creating technologies work in unison with the new energy system. The companies include Cisco, Google, and IBM, and according to the Toronto Star , these corporations, along with some lesser-known ones, see the grid as a sort of venture capitalism, creating products to work with system before the grid is even in place.
GridPoint , based in Arlington, Va., is one of the leaders in smart grid advancements. Dealing with power management, GridPoint has created a software program that integrates utilities with renewable energy, energy storage, and even electric cars into the grid. The company also has raised enough funds to purchase a software company that manages electric cars and a separate software company that allows businesses to manage their energy output from their computer or mobile phone.
Microsoft also is becoming involved in smart grid technology. The software leader has developed the Hohm , a Web-based device that tracks the energy use of users in a way to assist businesses or home owners understand where they can lower their energy costs and reduce their impact on the environment.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey